BASIS, INVESTMENT Definition

BASIS, INVESTMENT, is the cost or book value of an investment. The gain or loss on an investment is the sale price less the basis. Basis is often called "cost basis."

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BLOCKAGE DISCOUNT ia an amount or percentage deducted from the current market price of a publicly traded security to reflect the decrease in the per share value of a block of those securities that is of a size that could not be sold in a reasonable period of time given normal trading volume.

YEN is the currency of Japan. Its subdivisions are 100 sen and 1000 rin.